Liontrust Investment Partners LLP Decreases Stock Position in Airbnb, Inc. $ABNB

Liontrust Investment Partners LLP lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 55.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,459 shares of the company’s stock after selling 97,155 shares during the period. Liontrust Investment Partners LLP’s holdings in Airbnb were worth $10,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Sit Investment Associates Inc. increased its stake in shares of Airbnb by 42.8% during the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock valued at $2,015,000 after purchasing an additional 5,060 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Airbnb by 74.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock worth $2,451,000 after buying an additional 8,780 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after buying an additional 31,120 shares in the last quarter. Plato Investment Management Ltd raised its stake in Airbnb by 53.1% during the first quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock valued at $2,291,000 after buying an additional 6,579 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after acquiring an additional 850,719 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of recent research reports. UBS Group increased their target price on Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. KeyCorp assumed coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a report on Friday, November 7th. Wedbush reiterated a “neutral” rating and set a $130.00 price target on shares of Airbnb in a report on Friday, November 7th. Finally, Truist Financial boosted their price objective on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.88.

Airbnb Stock Up 0.3%

Shares of ABNB stock opened at $128.39 on Friday. The company has a 50 day moving average price of $121.99 and a 200-day moving average price of $127.40. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market capitalization of $79.03 billion, a PE ratio of 30.50, a P/E/G ratio of 2.26 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $120.76, for a total value of $28,499,360.00. Following the transaction, the director owned 1,176,015 shares of the company’s stock, valued at approximately $142,015,571.40. This trade represents a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the sale, the insider directly owned 11,520 shares of the company’s stock, valued at approximately $1,404,979.20. The trade was a 92.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,847,828 shares of company stock worth $224,091,067 in the last quarter. Company insiders own 27.91% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.